Decred ready to melt faces.Decred broke out of the descending channel, and is now ready to move higher against BTC.
DCRBTC
Decred Continues Strong Since NovemberDecred (DCRBTC) continues to be strong ever since the November low was hit.
We've been having very solid consolidation near resistance while other altcoins continue to crash and hit lower.
This one remained stable while Bitcoin continued to grow.
This is a good signal.
Here is the previous analysis from early December (sideways = strength)
And from early November:
This one is likely to resume growing and print a higher high soon.
Thanks a lot for reading.
Namaste.
low time frame trading rangeDecred has managed to form a trading range which makes me much less bearish than before. As long as we can remain in this trading range there's a setup for an end-to-end to pop us back into the 0.0017's.
DCRBTC IdeaWith the amount of DCR locked up in tickets, this pair will surprise many. Big resistance at the red box, I will be accumulating what I can below it. When DCR is listed on Coinbase, it will probably never go this low again. Looking to take profit inside the tan box. Time frame well into 2024 giving time for more people to see the light :) GL
Falling wedge into trend reversalHere's an update on that falling wedge I posted earlier about. Looks like it head faked down and then reversed back up to confirm the breakout, sending us into a short term trend reversal.
$DCR $DCRBTC #decred
DCR-BTC trend breakthroughGreetings,
a tool in a global channel that looks down like all altocoins. At the moment, the price is close to the upper limit of the channel, and can give a good entry point when breaking and anchoring above the channel. Also on the horizontal volumes you can see important support and resistance zones, which will act as targets for taking profits and placing your stop orders.
Support with likes if you find it useful.
DCR Decred 4H Channel - DCRBTC DCRUSDT DCRUSD DCR BITCOIN dcrbnbDCR Decred 4H Channel - DCRBTC DCRUSDT DCRUSD DCR BITCOIN dcrbnb
💡Don't miss the great buy opportunity in BCRBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00097855). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BCRBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 0.00124570
TP2= @ 0.00150650
TP3= @ 0.00194885
TP4= @ 0.00241290
TP5= @ 0.00298545
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in BCRBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00097855). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BCRBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 0.00124570
TP2= @ 0.00150650
TP3= @ 0.00194885
TP4= @ 0.00241290
TP5= @ 0.00298545
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Decred Shakeout Complete, Can Now Grow Without ResistanceWe have a strong signal for DCRBTC (Decred), a full shakeout has taken place... Let's look at it closer:
Notice the long lower wick/shadow on yesterday's candle.
Prices went all the way down to 0.00000750 hitting a new low to fully recover and close above EMA10.
We are now seeing a challenge of EMA50.
This is setting up DCRBTC for a long period of sustained growth.
Namaste.
DCRBTC strong buyin recent days DCRBTC has increased about 30%, one of the main reasons was definitely the hammer candle at the bottom of the downward trend. as you can see three white soldiers pattern has been shaped. this means we might see 10-25% increase in short period.
Decred (DCR) Confirmed 164% (Full Trade Inside)Here Decred (DCRBTC) is already moving above the down trendline/falling wedge... The next target is set at 68% followed y 164%.
We have a trade idea with the full numbers listed below:
In case you would like to see this pair in more detail.
We have a volume breakout and prices yet to move above EMA10... This is only getting started.
This is an easy one.
Make sure to have a well thought out plan ready before buying into any pair or doing any trading.
The best way to be successful is to prepare ahead of time.
If in doubt, don't trade.
If you make a mistake, either take the loss and move on or wait patiently until the markets change and prices resume up.
Patience is key.
Any questions... ???
Feel free to share it in the comments section below.
Namaste.
Decred Bout to pop!? Some times you look at a chart and the asset just looks too low. Look at this thing, down 95% since the last ATH. Been around since 2015 and has some of the original Bitcoin devs working on the protocol. One of the only coins that hasn't broke out; upside is huge (potentially 2,600%)
This is not financial advise. DYOR.
DCRBTC analysisI am neutral. Sell2 and sell1 signal show we must not buy. However, the chart is hitting support/ATL position and is below the McGinley dynamic line. We must only buy when we get a buy2 + buy1 signal. If we get buy signals while the chart is below the McGinley dynamic line, we can feel very confident about our long position.
Decred (DCR) Bullish DivergenceDecred (DCRBTC) is showing bullish divergence with the MACD and RSI... This is a strong signal.
At the same time, DRCBTC is trading at All-Time Lows, literally.
The STOCH is oversold and trending up.
The RSI is looking strong at low prices.
The MACD is still bearish but showing bullish divergence...
These signals are telling us that DCRBTC can easily move up next... LONG-TERM.
Namaste.
DCR / BTC - a risky longIt has been in a massive downtrend with regular attempts at resistance. We are nearing end of triangle and per wave analysis, there should be impulses going up. There are immediate resistance zones above current price but recent RSI divergence gave it a small boost. Perhaps a small position to place here but per chart, it can basically double easily.
DCR/BTC (Trading @ Key Support)DCR/BTC
-The price has gone down to previous support at 1358 range
-It fell lower but manages to get above at least
-Technically, this is not good for the Bulls
-But if this level will hold for the next 1-2 weeks
-There is a high chance to retest the downward trendline resistance
-Now, the safe way to enter this market
-Is to confirm the breakout of the pattern
-You can either Buy the Breakout or wait for trendline retest
-The risk will be lowered and your reward will remain Higher
